Top 3 Things About Selling Your Silver

November 28, 2018Robert Chorost 0 comment

With the holiday season in full swing, selling your silver has never been more appealing. Silver is one of the most popular metals in the world because it resists corrosion and oxidation. In fact, worldwide production yields over 25,000 tons every year! More often than not, when people hear the word “silver” they instantly associate it with jewelry. But in reality, there is much more to it than that. Besides the obvious uses, there are actually more everyday utilities than you might expect. Meaning that your unwanted jewelry might, one day, have an entirely different role than how you currently possess it as!

Let’s take a look at 3 things to know about selling your silver:

1: The Automotive Industry

The automotive industry uses 36 million ounces of silver each year. Every time you step into a car, you are benefiting from more uses of silver than you are aware of! Without this metal, it would be nearly impossible for a vehicle to operate. Being that there are new innovations constantly within this industry, the need for silver will always be constant and growing. Next time you are in the car, roll down your window or turn on your radio. Silver is to thank, and now you know!

2: Electronics

Besides silver’s use in jewelry, the world we live in today relies on this metal for every one of our electronic devices! Without this metal, it would not be possible to have wires throughout buildings, a working microwave in the kitchen, an electrical switch on the wall, and so on. Tech devices use silver in electrical wires, circuit chips, batteries, and even LED lights. Your phone would also not operate without silver, as well as your computer or TV. So when you consider how frequently this metal is found in our everyday electronics, it makes sense why it’s always in high demand!

3: Medical

One of the most overlooked and forgotten about uses of silver is its presence in the medical field. From the surgical equipment to the x-rays, a medical institution would not be able to operate properly without it. The metal has even been proven to have antimicrobial properties, and silver ion treatments can actually heal bone infections and prevent new ones from occurring. In addition, within the medical field, doctors, surgeons, and nurses use tools every day that contain this precious metal.

With the shopping season here, don’t miss out on the perfect opportunity to put some extra cash in your pockets. At Precious Metals Refinery, you will get the most money for your metals. Above all, our professional staff will guide you through the process of giving you the best value. Declutter your house this season and stop in our store to see what we can do for you!